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All of the exclusions listed in 9510(A) remain in effect when the vehicle is temporarily not being used.
H. Exclude property that is annually producing income consistent with its fair market value, even if only used on a seasonal basis, such property includes rental homes and vacation homes.
I. Exclude property, such as farm land, or work-related equipment such as the tools of a tradesman or machinery of a farmer/rancher, that is essential to the employment or self- employment of a household member. Property essential to the self-employment of a household member engaged in farming/ranching will continue to be excluded for one year from the date the household member terminates his/her self-employment from farming/ranching.
J. Exclude installment contracts for the sale of land or buildings if the contract or agreement is producing income consistent with its fair market value. The exclusion also applies to property sold under an installment contract or held as security in exchange for a purchase price consistent with the fair market value of that property.
K. Exclude governmental payments designated for restoration of a home damaged in a disaster, if the household is subject to legal sanction for not using the funds as they are intended.
L. Exclude any resource that, as a practical matter, cannot be sold for a significant return. A significant return means estimating any return amounting to greater than $1500 after estimating the costs of sale or disposition and taking into account the household’s ownership interest. This could occur if the household’s interest is relatively slight or the costs of selling the household’s interest would be relatively great. This exclusion does not apply to financial instruments that may be negotiable such as stocks, bonds, etc. Additionally, if the household’s licensed vehicle value is not more than $1500, the vehicle is excluded as a resource. Verification from the customer is required only if the information is questionable; however, the Specialist must document this information in the case record. Example: A household which owns a produce truck as part of self-employment may be prohibited from parking the truck in a residential area. The household may own a 100-acre field (not income producing) and only use a quarter-acre to park and/or service the truck. Only the value of the quarter-acre would be excludable, not the entire 100 acres. Example: A taxi driver is ill and cannot work, or a fishing boat is temporarily out of order and cannot be used, or the vehicle is not being used because of temporary unemployment. Examples: 1. HUD payments through the individual and family grant program 2. SBA disaster loans or grants. Example: Cattle or other livestock are always excluded as personal property, income-producing property or property essential for self-employment, depending on the circumstances.